On Sat, 8 Mar 2008 21:22:24 -0800, "Hawke"
wrote:
snip
You're a pretty bad republican if you think like that. Good republicans
never see anything wrong with any pay CEOs get no matter what the
circumstances. Just being the boss means you deserve to be a
multimillionaire no matter how bad you run the business.

Hawke
===========
For a "best practices" benchmark for a "good Republican" see
http://www.guardian.co.uk/business/2...uity.useconomy

--------------
Blackstone founder backs apocalyptic warning with $1bn

· Private equity tsar sets up anti-welfare foundation
· US cannot sustain its public spending, he argues

* Andrew Clark in New York
* The Guardian,
* Monday February 18 2008

One of the billionaire founders of the Blackstone private equity
empire has set up a charitable foundation to warn Americans of a
looming economic apocalypse if the nation persists with a culture
of "entitlement".

Peter Peterson, a former US commerce secretary who established
Blackstone in 1985 with Stephen Schwarzman, is devoting $1bn
(£510m) of his estimated $2.5bn fortune to the new foundation,
which paints a gloomy picture of the country's financial future.
The fund will be run by the US comptroller general David Walker,
who is resigning from the Bush administration to take up the job.

"We're going to be working very hard to keep America great and to
make sure that America's future is better than its past, because
America is at risk today," Walker said.

Among the fund's core aims is to spread a message propounded by
81-year-old Peterson for decades - that healthcare, social
security and pension costs are unsustainable as the US's
population ages. Together with "abysmally low" savings and a
soaring budget deficit, Peterson argues that this will lead to a
financial crisis.

snip

But Peterson also argues for an abolition of "middle-class
welfare" and for an end to budget deficits, saying they are
storing up chronic problems.
============

We will keep cutting our workers wages until their savings rates
improve, and they stop getting old and sick.....



Unka' George [George McDuffee]
-------------------------------------------
He that will not apply new remedies,
must expect new evils:
for Time is the greatest innovator: and
if Time, of course, alter things to the worse,
and wisdom and counsel shall not alter them to the better,
what shall be the end?

Francis Bacon (1561-1626), English philosopher, essayist, statesman.
Essays, "Of Innovations" (1597-1625).